Total monthly cost of ownership
Cost to Own a Home in Greenville, Alabama
A $118,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $434 higher every month — 72% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Greenville against Butler County and Alabama
| Measure | Greenville | Butler County |
|---|---|---|
| Median home value | $117,800 | $99,700 |
| Median property tax | $433 | $342 |
| Effective tax rate | 0.368% | 0.343% |
| Median gross rent | $728 | $722 |
| Population | 7,229 | 18,807 |
The weather behind that power bill
Greenville sits in Butler County, which averages a high of 92.4°F in its hottest month and a low of 36.9°F in its coldest, with 55.24" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,364 cooling and 1,952 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Butler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Butler County
Common questions
How much does it cost to own a home in Greenville?
A $118,000 home in Greenville, Alabama costs approximately $1,040 per month with 20% down at 6.66%. That is $607 principal and interest, $36 property tax, $81 homeowners insurance, $219 utilities and $98 set aside for maintenance.
What is the property tax rate in Greenville?
Greenville has an effective property tax rate of 0.368%, based on a median home value of $117,800 and median real estate taxes of $433. That is higher than the Butler County average of 0.343%.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, Alabama is $117,800, against $99,700 across Butler County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $728 a month, against $1,040 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Greenville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.